{"id":1004368958,"date":"2019-11-18T07:34:49","date_gmt":"2019-11-18T15:34:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004368958"},"modified":"2019-11-18T07:34:49","modified_gmt":"2019-11-18T15:34:49","slug":"the-boulder-group-closes-houston-retail-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-closes-houston-retail-sale\/","title":{"rendered":"The Boulder Group Closes Houston Retail Sale"},"content":{"rendered":"
\"\"<\/a>

24 Hour Fitness. Image courtesy of The Boulder Group<\/em><\/p><\/div>\n

The Boulder Group has finalized the sale of a single-tenant, net-leased 24 Hour Fitness asset in Houston. A Texas-based partnership, represented by the brokers, sold the property to a private investor in a 1031 exchange, for $9 million. The tenant recently renewed its absolute triple net lease for an additional 10 years.<\/p>\n

Located at 7300 W. Greens Rd., the 50,000-square-foot building is located just off Thomball Parkway and was renovated in 2018. It is positioned as an outparcel of Willowbrook Mall, a 1.5 million-square-foot retail center anchored by Dick’s Sporting Goods, Dillard’s, JCPenney, Macy’s, Nordstrom Rack, Sears and Apple. There are about 320,000 people living within 5 miles of the 24 Hour Fitness, with an average household income of more than $90,000, according to The Boulder Group.<\/p>\n

The Boulder Group\u2019s team consisted of President Randy Blankstein Partner Jimmy Goodman. Blankstein noted, in prepared remarks, that fitness-based properties with proven operating histories continue to garner the interest of investors. Recently, the same duo represented the seller of a 30,472-square-foot medical office building in Wichita, Kan.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The triple-net-leased asset traded for $9 million in a 1031 exchange. <\/p>\n","protected":false},"author":868,"featured_media":1004368985,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1589,21742,21749],"tags":[33840,33428,32940],"class_list":["post-1004368958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-houston","category-latest","category-retail","tag-jimmy-goodman","tag-randy-blankstein","tag-the-boulder-group"],"acf":[],"yoast_head":"\nThe Boulder Group Closes Houston Retail Sale - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-closes-houston-retail-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Boulder Group Closes Houston Retail Sale\" \/>\n<meta property=\"og:description\" content=\"The triple-net-leased asset traded for $9 million in a 1031 exchange.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-closes-houston-retail-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-18T15:34:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Press-Image-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sergiu Inizian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-closes-houston-retail-sale\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-closes-houston-retail-sale\/\",\"name\":\"The Boulder Group Closes Houston Retail Sale - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-closes-houston-retail-sale\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-closes-houston-retail-sale\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Press-Image-1.jpg\",\"datePublished\":\"2019-11-18T15:34:49+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/77efc8abfd11ea13ed9ee7a0e190eb2a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-closes-houston-retail-sale\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-closes-houston-retail-sale\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-closes-houston-retail-sale\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Press-Image-1.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Press-Image-1.jpg\",\"width\":1200,\"height\":900,\"caption\":\"24 Hour Fitness. 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